Family Wealth Strategy: From One Generation to the Next | Dr. Megan McCoy (EP. 50)
From Ideas by Mike™ by Mike Milligan, CFP®
April 24, 2026 · 40 min · Episode 44
About this episode
Dr. Megan McCoy discusses the psychological aspects of money management across generations.
Are your childhood memories secretly managing your money? We ALL have these stories. On this week’s episode of the Ideas by Mike podcast, I sat down with Dr. Megan McCoy, one of the top academic minds in financial therapy. We went deep into the psychology of how we handle money across every generation. Dr. McCoy even shared her own vulnerable money story about how wanting to “save the world” made her think she had to take a vow of poverty—and how she rewrote that narrative. It was absolute podcast gold. If you’ve ever felt paralyzed by a financial decision, or if you’re arguing with your spouse about money, this episode is basically a free therapy session. Connect with Dr. Megan McCoy: LinkedIn: https://www.linkedin.com/in/megan-mccoy-phd/ Watch the full episode here: YouTube Link To learn more about us, visit www.1oakfinancial.com | Don’t forget to subscribe to our YouTube Channel for latest updates!
People in this episode
Host: Mike Milligan
Guest: Dr. Megan McCoy
Topics covered
- financial therapy
- money psychology
- generational wealth
- personal finance
- money narratives
Keywords
- financial therapy
- money stories
- generational wealth
- financial decisions
- money arguments
Mentioned in this episode
Organizations: 1 Oak Financial, LinkedIn, YouTube
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